Cibc World Market Inc. increased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 293.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,543 shares of the semiconductor provider’s stock after acquiring an additional 28,751 shares during the quarter. Cibc World Market Inc.’s holdings in NXP Semiconductors were worth $8,777,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Caprock Group LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at about $846,000. ING Groep NV lifted its position in shares of NXP Semiconductors by 27.5% during the third quarter. ING Groep NV now owns 104,850 shares of the semiconductor provider’s stock worth $23,877,000 after acquiring an additional 22,631 shares in the last quarter. Rhumbline Advisers boosted its position in shares of NXP Semiconductors by 3.0% in the third quarter. Rhumbline Advisers now owns 275,953 shares of the semiconductor provider’s stock valued at $62,843,000 after acquiring an additional 8,072 shares during the period. Wesbanco Bank Inc. purchased a new position in shares of NXP Semiconductors during the 3rd quarter valued at $223,000. Finally, Wealthfront Advisers LLC raised its holdings in shares of NXP Semiconductors by 23.3% in the 3rd quarter. Wealthfront Advisers LLC now owns 5,940 shares of the semiconductor provider’s stock valued at $1,353,000 after acquiring an additional 1,121 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.
NXP Semiconductors Trading Up 0.9%
Shares of NXPI stock opened at $244.43 on Friday. The stock has a fifty day simple moving average of $230.90 and a two-hundred day simple moving average of $221.78. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $256.36. The firm has a market capitalization of $61.52 billion, a PE ratio of 30.78, a PEG ratio of 1.51 and a beta of 1.47.
NXP Semiconductors Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio is currently 51.01%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $240.00 price objective on shares of NXP Semiconductors in a report on Wednesday, February 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of NXP Semiconductors in a research note on Friday, January 16th. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $245.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Citigroup cut their price target on NXP Semiconductors from $285.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company lifted their target price on NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.67.
View Our Latest Stock Report on NXP Semiconductors
Insider Buying and Selling
In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the sale, the executive vice president directly owned 11,811 shares in the company, valued at $2,609,522.34. This represents a 51.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Christopher L. Jensen sold 2,300 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total transaction of $524,791.00. Following the transaction, the executive vice president owned 9,965 shares in the company, valued at $2,273,714.05. This trade represents a 18.75% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by company insiders.
NXP Semiconductors Company Profile
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
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